Cognizant Technology Solutions Corp (CTSH) Vice Chairman Sells $1,886,000.00 in Stock

Cognizant Technology Solutions Corp (NASDAQ:CTSH) Vice Chairman Chandrasekaran Ramakrishnan sold 25,000 shares of Cognizant Technology Solutions stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $75.44, for a total transaction of $1,886,000.00. Following the sale, the insider now owns 271,300 shares in the company, valued at $20,466,872. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Cognizant Technology Solutions Corp (CTSH) opened at $77.29 on Friday. The stock has a market cap of $45,573.66, a P/E ratio of 23.07, a PEG ratio of 1.48 and a beta of 1.08. Cognizant Technology Solutions Corp has a 1 year low of $51.52 and a 1 year high of $77.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.29 and a quick ratio of 3.29.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings results on Wednesday, November 1st. The information technology service provider reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.13. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. Cognizant Technology Solutions had a net margin of 13.42% and a return on equity of 18.94%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. equities research analysts forecast that Cognizant Technology Solutions Corp will post 3.35 earnings per share for the current fiscal year.

Several research firms recently commented on CTSH. Zacks Investment Research upgraded shares of Cognizant Technology Solutions from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Cognizant Technology Solutions from a “sell” rating to a “hold” rating in a research report on Friday. Barclays lifted their target price on shares of Cognizant Technology Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. William Blair upgraded shares of Cognizant Technology Solutions from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $78.00 target price on shares of Cognizant Technology Solutions in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $81.98.

Several large investors have recently added to or reduced their stakes in CTSH. PNC Financial Services Group Inc. increased its stake in shares of Cognizant Technology Solutions by 5.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 208,113 shares of the information technology service provider’s stock valued at $13,820,000 after acquiring an additional 10,520 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Cognizant Technology Solutions by 92.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,664 shares of the information technology service provider’s stock valued at $110,000 after acquiring an additional 800 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of Cognizant Technology Solutions by 9.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 21,475 shares of the information technology service provider’s stock valued at $1,426,000 after acquiring an additional 1,840 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Cognizant Technology Solutions in the 2nd quarter valued at $1,719,000. Finally, Marietta Wealth Management LLC increased its stake in shares of Cognizant Technology Solutions by 4.6% in the 2nd quarter. Marietta Wealth Management LLC now owns 28,727 shares of the information technology service provider’s stock valued at $1,907,000 after acquiring an additional 1,262 shares in the last quarter. Institutional investors own 86.04% of the company’s stock.

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Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services.

Insider Buying and Selling by Quarter for Cognizant Technology Solutions (NASDAQ:CTSH)

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